UNIT 4: ENTREPRENEUR AS A PERSON Flashcards
**Characteristics of an entrepreneur
NB
- Find it easy to motivate other people
- Get on well with others and are easily trusted
- They complete their projects regardless of resistance
- Their practices are not always accepted and they are innovative
- They handle criticism easily
- Inquisitive and read a lot
- Act and do not only dream
- Bring mistakes out into the open and analyse them and learn from them
- Failures are viewed as an opportunity for growth
- They value clients respect very highly
- Exercise financial self-discipline
- They see opportunities and good problem solvers
- They have good communication and decision making skills
- They have the ability to be creative and negotiation skills
PERSONALITY
set of characteristics which distinguish you from others
-INFLUENCED BY FACTORS SUCH AS: heredity (parents), genetic aspects, environment (e.g learner experience), sexual differences & emotional reactions
-JUNGS PERSONALITY TYPES
• INTROVERT:
1. doesn’t enjoy meeting new people
2. quiet & reserved
3. think problem over than discuss it with others
4. dislikes limelight & takes back seat & works behind scenes
5. retreats into inner world
6. e.g poets, scientists, philosophers (not entrepreneurs)
• EXTROVERT:
1. deals with people easily & enjoys people
2. can express self in group
3. more interested in whats going on around self, than own ideas/ feelings
4. loves limelight & centre of attention
5. aggressive & unrestrained
6. e.g entrepreneurs
-JOHN HOLLANDS PERSONALITY TYPES:
- realistic type
- inquisitive type
- artistic & creative type
- social & serving type
- enterprising type
- conventional type
Elaborate on the following issues in Economic Literacy and Entrepreneurship:
(NB)
1) Aptitudes
• Word fluency – person must have the ability to use a wide vocabulary when being an entrepreneur
- They are creative and original with words and communicate well
• Memory – short-term and long-term will give good indication of a person’s general ability to remember
• Reasoning – deductive reasoning where entrepreneurs are able to think abstractly
- Inductive reasoning where entrepreneurs should be able to reason (non-verbal ability)
• Perceptual speed – entrepreneur must make a quick and accurate and visual observation and choices
• Social aptitude – deep interest in people or have a methodical/ orderly aptitude
They use their aptitudes to develop their business ideas into reality.
2) Abilities
• Mental, physical, language, numerical abilities
• Can develop it through hard work
• Includes aspects such as leadership and practical and aristic qualities
3) Skills
• Capacity to carry out complex, well-organised patterns of behaviour
• When you develop your ability you can turn it into a skill
• Skills can be like communication skills , decision making skills, delegation skills, negotiation skills, personal mamagement skills ect
• Skills can also fall into business and management skills such as financial skills, marketing skills , accounting skills
Interest
- aspect of personality which influences ability & emotional drive
- personal attribute that changes as one matures (what you like / dislike)
- having interest in activity doesn’t mean you can perform activity well
Interest field:
19 Field interest inventory ( GOUS & JACOBS
HUMANITIES: languages, cultural science, behavioural science, law & theology
• NATURAL & BIOLOGICAL SCIENCE: creative thinking, science, practical male & female
• COMMERCIAL SCIENCE: numerica, business & clerical
• INTEREST IN OUTDOOR LIFE & TECHNICAL DIRECTION: travelling, nature, technology, shift form routine
Interest field:
Nelsons interest categories
- DEALING WITH PEOPLE: primary school learners
- SCIENCE & TECHNOLOGY: practical, analytical & logical people (e.g entrepeneurs)
- ARTISTIC & CREATIVE ACTIVITIES: creative people / entrepreneurs
- FACTS & FIGURES: careers such as research, marketing & finance
- COMMUNICATING, WORDS & IDEAS: power of expression ( advertising, religion/ law)
- MAKING/FIXING THINGS WITH HANDS: construction, vehicle / household repair
- WORKING OUTDOORS: forestry, nature conservations, landscaping, gardening
VALUES:
reflect things that are NB to you • your view of life & world • whats NB to you • what you regards as right / wrong • what you regards as good / bad • kind of person you would like to be • how you behave, think, feel, experience & understand
Relation between self-knowledge and entrepreneurship
NB
Self-knowledge – the insight you have into your own personality
- Enables you to know what you are capable or incapable of
- Importance should be instilled from an early age
- Johari’s window is used to show the self-knowledge concepts Left side is for individual knowledge about themselves and right side is what they don’t know about themselves
- Divided into blocks a-d named Open, Hidden, Blind, Unknown
Entrepreneurship- the self-knowledge of the individual will determine the type of business
- Self-knowledge can also so what the person is interested in and what attitudes and values and skills he/she has that will determine the type of business
**Two motivational theories with application for entrepreneurship education:
(NB)
1) Maslow’s self-actucalisation theory
• Theory gives a general perspective on learning
• Has a humanistic premise and is based on the perception that people differ from animals
• He divided human needs into 5 categories
• Physiological needs – the basic needs
• Psychological needs – the higher order needs
2) Performance motivation
• Defined as a process of competing with a standard of excellence
• Performance motivation results in 2 tendencies
1) need for exeprction to achieve success
2) need to avoid failure
• These needs refer to the higher order of Maslow’s theory
• Can be seen as the most important theory of entrepreneurs
• They are usually self-motivated and should receive more attention
Creativity:
- ability to make something new / that did not exist before / come up with original ideas
- creative person: identifies problem, seeks solutions & formulates possible solutions &put them in practice
Creativity operates 4 levels:
- expressive level (spontaneous & independent. quality of end results is unimportant&little originality)
- productive level (ideas more ordered, structured manner)
- ingenious level ( perception of new & unusual relationships resulting in surprise & satisfaction)
- innovative level (genius, end result is wholly new & original)
FACTORS THAT HAMPER CREATIVITY IN SCHOOL:
- learners creativity is neglected / surpressed
- teachers force learners into stereotypical behavioural mould (feel threatened when learners ask too many q’s)
- humour & playfulness of creative learner clashes with authoritarian class atmosphere
- emphasis of OBE to move away from learning out of a textbook to a learner centred learning environment that would lead to creativity & orgininality (education system teaches learners to look for only 1 right answer)
- learners find it difficult to take chances, look for alternative answers & explore
- adults force learners to think the way they think
- peers suppress creativity (if play violin- seen as a sissy)
- television (offer little intellectual stimulation)
**How would you promote creativity in the Intermiadete phase: (Stimulating)
(NB)
- Create situation that present incompleteness and openness (Use learners intrest)
- Allow and encourage many questions treat questions with curiosity
- Help learners to produce something and do something with what they make
- Emphasise self-initiated exploration, observation , questioning
- Create a atmosphere with good aesthetics
- Help learners to learn from mistakes
- Let learners emerge by extending creativity letting them hear, see and feel more
- Use open sensory experiences
- Use brainstorming and group work
